# Nfinite Nanotechnology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nfinite-nanotechnology

- Industry: Materials
- Headquarters: Waterloo, Canada
- Website: www.nfinitenano.com
- Total disclosed funding: $6.5M
- Latest round: Seed (May 14, 2024)
- Investors on record: 10

## About

Founded in 2021 and based in Ontario, Canada, Nfinite Nanotechnology Inc. operates as a packaging company that offers environmentally friendly nanocoatings. The company was founded by its CEO, Chee Hau Teoh, CTO, Jhi Yong Loke, and Kevin Musselman. In May 2024, Nfinite Nanotechnology Inc. raised grant funding from Next Generation Manufacturing Canada. The round was part of a larger USD 6.5 million seed and grant funding.

Nfinite Nanotechnology offers plastic-alternative nanocoatings through its spatial atomic layer deposition (SALD) technology. SALD is a technique for applying ultra-thin, uniform coatings one atomic layer at a time. The company uses SALD to create ultra-thin, high-barrier coatings that can be applied to recyclable, compostable, and paper packaging to improve shelf life. The firm provides ultrathin and high-performance barrier coatings, mainly ultrathin films, for consumer packaged goods and packaging manufacturers.

The company plans to use the funds raised in May 2024 to boost its production and accelerate its research and development initiatives.

## Funding rounds

- Seed, May 14, 2024, $6.5M — Amcor Limited, MaRS Investment Accelerator Fund, Mitsubishi Corporation-Americas, FTW Ventures, Collateral Good, Republic Capital, Ponderosa Ventures, Suzano Ventures, Next Generation Manufacturing Canada, Overlay Capital

## Investors

- Amcor Limited — Seed
- MaRS Investment Accelerator Fund (https://capitalatlas.ai/funds/mars-investment-accelerator-fund) — Seed
- Mitsubishi Corporation-Americas — Seed
- FTW Ventures (https://capitalatlas.ai/funds/ftw-ventures) — Seed
- Collateral Good (https://capitalatlas.ai/funds/collateral-good) — Seed
- Republic Capital (https://capitalatlas.ai/funds/republic-capital) — Seed
- Ponderosa Ventures (https://capitalatlas.ai/funds/ponderosa-ventures) — Seed
- Suzano Ventures (https://capitalatlas.ai/funds/suzano-ventures) — Seed
- Next Generation Manufacturing Canada — Seed
- Overlay Capital (https://capitalatlas.ai/funds/overlay-capital) — Seed